November manufacturing output up 2.6%

The 2.6% y/y increase was mainly due to higher production in the following divisions:

• the food and beverages division (8.5% and contributing 1.5 percentage points);
  
• the wood and wood products, paper, publishing and printing division (9.1% and contributing 0.9 of a percentage point);
  
• the basic iron and steel, non-ferrous metal products, metal products and machinery division (4.6% and contributing 0.9 of a percentage point);
  
• the glass and non-metallic mineral products division (12.7% and contributing 0.6 of a percentage point);
  
• the electrical machinery division (5.2% and contributing 0.2 of a percentage point); and
  
• the petroleum, chemical products, rubber and plastic products division (0.4% and contributing 0.1 of a percentage point).

The motor vehicles, parts and accessories and other transport equipment division recorded a decline of 12.6% (-1.5 percentage points).

Seasonally adjusted manufacturing production for the three months ended November 2011 increased by 2.0% compared with the previous three months ended August 2011. Six of the ten manufacturing divisions reported positive growth rates over this period.

The increase was driven mainly by higher production recorded for the: basic iron and steel, non-ferrous metal products, metal products and machinery division (6.8% and contributing 1.3 percentage points); wood and wood products, paper, publishing and printing division (8.0% and contributing 0.7 of a percentage point); food and beverages division (2.6% and contributing 0.5 of a percentage point); electrical machinery division (7.5% and contributing 0,2 of a percentage point); and glass and non-metallic mineral products division (4.0% and contributing 0.2 of a percentage point).

However, these increases were partially counteracted by decreases mainly reported by the: motor vehicles, parts and accessories and other transport equipment division (-4.9% and contributing -0.6 of a percentage point); furniture and other manufacturing division (-4.8% and contributing -0.2 of a percentage point); and petroleum, chemical products, rubber and plastic products division (-0.9% and contributing -0.2 of a percentage point).